Energy prices spikes: Brent crude, the global oil benchmark, hit $115 a barrel this morning after Israeli strikes sparked Iranian retaliation on energy infrastructure across the Middle East, including on Qatar’s critical liquefied natural gas hub Ras Laffan. Threat of retaliation: US President Donald Trump threatened to “blow up” the world’s largest gas field, a key Iranian asset, if Tehran keeps up its attacks on Qatar. He also said the US “knew nothing” about Israel’s plan to strike the South Pars field, but sources have told CNN that the US was aware of it.
It will be interesting to see what the next move is for the U.S. and Iran. There will definitely be another impact on oil prices. After reading some other sources this move by Israeli really hurt Iran's strength.
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